Media release: Tasmanian Racing Industry five-year strategic plan review

Tuesday 9 March 2021

Tasracing is seeking industry feedback via consultation on a new five-year strategic plan.

Tasracing CEO Paul Eriksson said the company undertook to complete an infrastructure review in late 2020 following the introduction of the Point Of Consumption Tax, a stronger and sustainable financial position after the stakes reset in 2016 and Race Field Fee growth.

“Given this, it is timely to consult with our industry partners and stakeholders on both a strategic and infrastructure direction,” he said.

“The current strategic plan identifies a number of objectives and initiatives to build industry confidence, expand and leverage our digital assets and increase revenue.

“It also references infrastructure and an initial five year infrastructure plan, which included the Elwick thoroughbred track redevelopment funded by Tasracing.”

Mr Eriksson said it was appropriate to now reset both plans and look to the future needs of the racing industry in Tasmania.

Tasracing will distribute an industry consultation paper to facilitate feedback. The document is available here.

All feedback must be received by 5pm on 9 April 2021.

The document is divided into two sections – the first covers key questions and objectives regarding strategic direction and the second key infrastructure needs by venue.

The feedback will be collated and the plans updated to incorporate industry feedback and comment.

A series of meetings will also be held around the state for industry participants to discuss and finalise the plans.

The final plans are expected to be released on 1 July.

Mr Eriksson said this was an exciting opportunity for racing industry members to actively participate in setting the direction for the future of racing in Tasmania.

“I encourage everyone involved in racing to review the consultation document and provide feedback,” he said.